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Asahi Songwon Colors Ltd (ASAHISONG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532853 NSE: ASAHISONG Dyes & Pigments | Small Cap | Asahi Songwon Colors Share Price

₹388.15 -9.30 (-2.34%)

As on 28-Sep'26 13:13

Asahi Songwon Colors Ltd (ASAHISONG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532853 NSE: ASAHISONG Dyes & Pigments | Small Cap | Asahi Songwon Colors Share Price

₹388.15 -9.30 (-2.34%)

As on 28-Sep'26 13:13

Key Metrics
Valuation Multiples
Market Cap
₹468 Cr.
Current Price
₹388.2
52-Week Low / High
₹179 / 415
TTM EPS
₹29.6
TTM Sales
₹575 Cr.
Book Value per Share
₹246.4
P/E Ratio
13.45
Lower than its 5-year historical median
Industry PE
3.9
Price to Book (P/B)
1.61
Higher than its 5-year historical median
Price to Sales (P/S)
0.82
Lower than its 5-year historical median
EV/EBITDA
7.84
Lower than its 5-year historical median
Dividend Yield
0.39%
Profitability Efficiency
Return on Equity (ROE)
6.87%
In line with industry median
Return on Capital Employed (ROCE)
9.72%
In line with industry median
Return on Assets (ROA)
2.92%
Operating Profit Margin
10.1%
Net Profit Margin
3%
Gross Profit Margin
7.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
41.09%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
207.61%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
7.8%
Asset Quality
Promoter Holding
67.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹279 Cr.
Equity
₹11.8 Cr.
Face Value
₹10
All Time Low / High
₹11.70 / 588.85

Asahi Songwon Colors stock performance

Key Ratios
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Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Asahi Songwon Colors Ltd a good quality company?
Asahi Songwon Colors Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Asahi Songwon Colors Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Asahi Songwon Colors Ltd vs industry peers?
Asahi Songwon Colors Ltd revenue CAGR is 14.67%, compared to the industry median CAGR of 0.97%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Asahi Songwon Colors Ltd?
Promoters hold 67.00% of the Asahi Songwon Colors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Asahi Songwon Colors Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.7% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Asahi Songwon Colors Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ20.7%23.1%15.7%12.2%11.2%18.7%12.2%1.3%10.9%12.1%-
Value Creation
Index ⓘ		0.50.70.1-0.1-0.20.3-0.1-0.9-0.2-0.1-

Growth Parameters ⓘ
Sales ⓘ224253293294284283401337277390374
Sales YoY Gr.-13.2%15.4%0.4%-3.4%-0.3%41.8%-15.9%-18%41.1%-
Adj EPS ⓘ15.822.418.515.418.62517.4-6.2619.928.7
YoY Gr.-41.8%-17.4%-16.9%21.2%34.4%-30.5%-135.7%NA231.2%-
BVPS (₹) ⓘ110.8129.2148157.8164.3193.4209.7199.8222.1243.5274.7
Adj Net
Profit ⓘ		19.427.522.718.822.830.120.9-7.37.123.534
Cash Flow from Ops. ⓘ31.728.15.927.174.34.924.746-3.850.8-
Debt/CF from Ops. ⓘ1.41.3132.30.39.12.12.1-23.71.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.4%6.6%-0.9%41.1%
Adj EPS ⓘ2.6%1.4%4.7%231.2%
BVPSⓘ9.1%8.2%5.1%9.6%
Share Price 5.6% 2.1% 16.2% 35.6%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		15.318.713.31011.613.98.6-32.98.611.1
Op. Profit
Mgn % ⓘ		17.518.713.213.712.117.19.52.46.111.513.4
Net Profit
Mgn % ⓘ		8.710.87.86.48.110.65.2-2.22.669.1
Debt to
Equity ⓘ		0.30.20.40.30.10.20.20.40.30.2-
Working Cap
Days ⓘ		15114215717616516914917922118796
Cash Conv.
Cycle ⓘ		73717910185878587997023

Valuation of Asahi Songwon Colors - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales294284283411505426562
Operating Expenses ⓘ + 254249234379499408506
Manufacturing Costs61555584806990
Material Costs172172156257378302367
Employee Cost 88810161822
Other Costs ⓘ 13141527242028
Operating Profit ⓘ 4034503251856
Operating Profit Margin (%) 13.5%12.1%17.5%7.8%1.0%4.3%10.0%
Other Income ⓘ + 0106634
Exceptional Items ⓘ 00400260
Interest ⓘ 5425141316
Depreciation ⓘ 88912151619
Profit Before Tax ⓘ 26234421-181825
Tax ⓘ 80126128
Profit After Tax 18233215-181617
PAT Margin (%) 6.2%8.1%11.3%3.6%-3.7%3.7%3.0%
Adjusted EPS (₹)14.918.626.816.1-9.917.016.8
Dividend Payout Ratio (%)20.10%16.10%13.10%3.10%-5.10%2.90%9%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 194202228242219236255
Share Capital ⓘ 12.2712.2712.0312.0311.7911.7911.79
Reserves ⓘ 181189215230207224243
Debt +57164574161171147
Long Term Debt1813827566957
Short Term Debt394384710510290
Minority Interest0144742413027
Trade Payables312442738180110
Others Liabilities ⓘ 28222835435444
Total Liabilities ⓘ 309278389468545570584

Fixed Assets

Net Fixed Assets ⓘ +150129213235275306305
Gross Block208195285319377424441
Accumulated Depreciation58667384102118136
CWIP ⓘ 1119025110
Investments ⓘ 141321110
Inventories622949106868587
Trade Receivables55557891107122148
Cash Equivalents 3424936
Others Assets ⓘ 23373730424337
Total Assets ⓘ 309278389468545570584
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 27578-030958
PBT ⓘ 26233921-18-825
Adjustment ⓘ 14121616282835
Changes in Working Capital ⓘ -625-38-2824-136
Tax Paid ⓘ -7-3-9-9-41-9
Cash Flow From Investing Activity ⓘ + -3-16-60-28-77-13-5
Capex -4-11-69-27-29-7-5
Net Investments 1-59-1-4810
Others ⓘ 00000-7-0
Cash Flow From Financing Activity ⓘ + -24-395028474-49
Net Proceeds from Shares ⓘ 014330000
Net Proceeds from Borrowing ⓘ -3-5-5282620-20
Interest Paid ⓘ -5-4-2-5-14-13-16
Dividend Paid ⓘ -4-70-4-1-1-1
Others ⓘ -13-37241036-3-12
Net Cash Flow ⓘ -02-2-00-03
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.4511.5514.896.24-8.016.896.87
ROCE (%)12.2911.2318.28.43-1.027.339.72
Asset Turnover Ratio0.950.970.850.9610.760.97
PAT to CFO Conversion(x)1.52.480.25-0N/A0.563.41
Working Capital Days
Receivable Days68.2070.7085.907571.5098.3087.70
Inventory Days77.4058.8050.2068.8069.6073.3055.70
Payable Days66.3058.607781.7074.7097.4094.60

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Asahi Songwon Colors Ltd FAQs

The current trading price of Asahi Songwon Colors on 28-Sep-2026 13:13 is ₹388.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Sep-2026 the market cap of Asahi Songwon Colors stood at ₹468.5 Cr

The latest P/E ratio of Asahi Songwon Colors as of 27-Sep-2026 is 13.84.

The latest P/B ratio of Asahi Songwon Colors as of 27-Sep-2026 is 1.45.

The 52-week high of Asahi Songwon Colors is ₹414.9 and the 52-week low is ₹179.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asahi Songwon Colors is ₹374 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Asahi Songwon Colors Ltd is a below average quality company.

The key valuation ratios of Asahi Songwon Colors Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Asahi Songwon Colors Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Asahi Songwon Colors Ltd

Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.

Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological collaboration. Thus, company’s name was changed to Asahi Songwon Colors

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting good international market, the capacity has been increased to 1200 mt/annum.

In 2005, Asahi Songwon Colors started manufacturing of CPC Blue Crude 5N with the technology of Clariant Songwon Colors of South Korea.

From existing capacity of 4000 MT/A, very soon company is planning to double the blue crude capacity. The company also intends to diversify in to allied products.

Asahi Songwon Colors' research and development laboratory is located at Asahi Green Plant site, which provides technical service to customers and seeks to develop new products suited to customer needs.

Products manufactured by the company:

  • Pigment Green 7
  • CPC Blue Crude
  • Pigment Alfa Blue 15:0
  • Pigment Alfa Blue 15:1
  • Pigment Beta Blue 15:3

Awards/ recognition:

Company’s pigment facility is located at Mehsana district and its figment blue facility in Vadodara district of Gujarat. Both plants have received ISO 14001:2004 certification.

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